Wife offers $4.5m for Keddie claim

The wife of disgraced solicitor Russell Keddie offered on Friday to pay $4.5 million to settle claims against her by creditors, many of whom were grossly overcharged by law firm Keddies.

The offer of $4.5 million is about 20 per cent of the $23 million in total claims against the Keddie estate, but this does not include a potential further claim on an apartment in London that Mr Keddie transferred to his wife, physiotherapist Sarah Key, only a month before his bankruptcy, Ferrier said.

Ms Key said on Friday she “recently became embroiled in circumstances not of my own choosing" and that “in repaying my debts, I wish to make apology for any injustice or ill suffered".

Mr Donnelly said the offer was “almost 100 per cent" of the claim against Ms Key and her associated entities.